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Eni seeks to cash in on its oil exploration lead

It is selling stakes in its discoveries to help finance the development of its projects

Mr Descalzi says Eni prefers to sell a portion of any discovery, retaining a holding of 30 to 50% while remaining the operator.


ONE of the most cherished assets held by Italy's largest oil company, Eni SpA, isn't a refinery or an oilfield - it sits inside a building in the small town of Ferrera Erbognone near Milan: one of the world's fastest super- computers.

The giant machine, used to generate...

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